Canadian housing starts fell 1.5 per cent in March amid decrease in dwellings such as condos…


Canadian housing starts slipped 1.5 per cent in March, the first decline this year, as builders broke ground on fewer multiple-unit dwellings such as condos.

Housing starts fell to 197,300 units, on a seasonally adjusted annual basis, Canada Mortgage and Housing Corp said Monday. Economists polled by Bloomberg had pegged starts at 205,000 units in the month.

Starts have been rising broadly in recent months as Canada’s real-estate market picks up steam.

Read the full article, “Multiple-unit building declines” in the Globe and Mail (April 12, 2010).

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